Chikkamagaluru: Mudigere Police of Chikkamagaluru district of Karnataka arrested two people for trying to distribute counterfeit ₹200 currency notes. The police seized fake currency notes with a total face value of ₹18,000.
The suspects were in the New Layout area of Mudigere, where they were trying to pass off counterfeit currency in local transactions, police said. Based on credible information, police detected the suspects and detained them before the fake notes could be circulated further.
The arrested persons have been identified as Mohammed Ali of Mangaluru and Mahesh of Mudigere.
Mohammed Ali traveled from Mangaluru to Mudigere to sell or circulate counterfeit currency, according to the police. During the search, officers recovered 45 counterfeit ₹200 notes with a total face value of ₹18,000.
A preliminary investigation revealed that the seized notes had the words “Reserve Bank of India,” making them look like genuine Indian currency. But the notes were fake and are being examined as part of the investigation.
Police believe that the accused may have been part of a larger counterfeit currency network. Now they’re trying to piece together where the fake notes came from, how they were made, and if similar counterfeit currency already exists in other parts of Karnataka.
The seized counterfeit notes have been sent for forensic examination, and the accused are being questioned to identify any others involved in the operation.
A case has been registered at Mudigere Police Station under the provisions of BNS and laws of counterfeit currency. There is still more work to be done.
Police have advised shopkeepers, traders and members of the public to keep an eye on the money they’re taking. They’ve also advised citizens to examine security features of currency notes and immediately report any suspicious or fake-looking notes to the police.
Counterfeit currency not only causes financial losses for people and businesses but also poses a threat to the country’s financial system. Law enforcement agencies continue to work to curb the circulation of fake currency and dismantle networks involved in such illegal activities.
Further arrests cannot be ruled out as the investigation continues.
